SPA and Jigsaw Systems have announced the acquisition of Jigsaw to offer unified strategic pricing, strategic costing, point of sale, inventory management, sales enablement and sales training solutions and platforms to the enterprise market.
Cleveland-based SPA will acquire the Jigsaw assets, people, and customer contracts, and the merged business will operate under the SPA brand. Both Jigsaw and SPA will continue to function as they have previously and support their respective customers with their existing products and services. Longer-term plans will be developed to further integrate the offering of the two companies and leverage each other's strengths.
"We're passionate about helping our clients' sales forces accelerate profitable growth in today's dynamic market," SPA CEO David Bauders said in a statement. "In Jigsaw Systems, we discovered a partner that is equally as passionate about data and pricing analytics. Joining forces allows us to accelerate investments in our platforms and build new analytical and training solutions that will enable our clients and us to evolve and meet the unique demands of the modern, dynamic enterprise market."
Jigsaw Systems Founder and CEO Mark McGready added: "SPA's acquisition of Jigsaw provides a major growth opportunity for both our businesses through an extended service offering for our clients. A shared philosophy behind the critical role of pricing (and many other diverse and complementary) analytics was the main driver that brought Jigsaw and SPA together. Since we know each other so well, we expect the acquisition to be a success. I'm pleased that both companies can now begin painting an even bigger picture."
Jigsaw, founded in 2008, provides software that solves the unique challenges associated with special pricing agreement contract management, inventory optimization, and pricing strategy.